China's industrial output, retail sales slid in April

BEIJING: China's value-added industrial production increased by 4 percent in the first four months of 2022 from a year earlier while Covid-19 outbreaks dragged retail sales in the same period, the East Asian country's National Bureau of Statistics (NBS) reported on Monday.

Data from the statistics agency showed that the latest industry output growth figure was 2.5 percentage points lower than in the first quarter. For April alone, production growth declined 2.9 percent year on year from March's 5 percent.